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To: GST who wrote (38188)	2/4/1999 10:48:00 PM
From: jach	Respond to of 164684

Message 7669472

To: GST who wrote (38188)	2/5/1999 12:15:00 AM
From: Rob S.	Respond to of 164684

Yes it could - if a panic sets in. People are too nervous to buy now but too greedy to sell. If something ignites the fear to the point that it overcomes the greed, then the stock could collapse. I just don't expect it at this level. First I think it might slink on down to 80 or 90 before panic really sets in to cause a big drop.

To: GST who wrote (38188)	2/5/1999 12:46:00 AM
From: Howard Hoffman	Read Replies (1) \| Respond to of 164684

Look at the volume on EBAY today. It has the most bearish of the 10 e-stocks I watch. It was down 14% on 2x volume. The chart looks like a 3-headed head and shoulders approaching the right side neckline (around 180) from the 3rd head at 300. EBAY is now at 239. How many people own just one of these e-stocks? How many on-line "investors" are diversified? How many own nothing but e-stocks? If this is the beginning of the big fall, it would make sense that it was led by EBAY, with an IPO 6 months ago at 18 and a recent peak of 300. That exceeds the NSCP IPO hysteria by quite a bit.